Automobile
Blanket Single Interest
Also known as Vendor Single Interest (VSI), this insurance policy provides assumption of coverage for your
auto loan portfolio. A small charge is applied to new loans at origination and there is no insurance
tracking required on an ongoing basis. This is a terrific way to free up staff for more productive activities
and eliminate the anxiety of force placing insurance on your customers. Coverages include all risk
physical damage, instrument non-filing, confiscation and skip and repossessed property.
Creditor Placed Insurance (CPI)
CPI protects your collateral interest by force placing insurance on the borrowers who do not maintain their
own auto insurance. Internet technology provides a convenient interface for tracking insurance renewals
and cancellations, sending letters to customers, and placing insurance at your discretion. Insurance
tracking can also be outsourced with final approval for insurance placement remaining with the lender.
CPI brochure
Blanket Single Interest
Also known as Vendor Single Interest (VSI), this insurance policy provides assumption of coverage for your
auto loan portfolio. A small charge is applied to new loans at origination and there is no insurance
tracking required on an ongoing basis. This is a terrific way to free up staff for more productive activities
and eliminate the anxiety of force placing insurance on your customers. Coverages include all risk
physical damage, instrument non-filing, confiscation and skip and repossessed property.
Creditor Placed Insurance (CPI)
CPI protects your collateral interest by force placing insurance on the borrowers who do not maintain their
own auto insurance. Internet technology provides a convenient interface for tracking insurance renewals
and cancellations, sending letters to customers, and placing insurance at your discretion. Insurance
tracking can also be outsourced with final approval for insurance placement remaining with the lender.
CPI brochure
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GAP
This product can be offered to auto loan customers who
do not make a large down payment on their vehicle. GAP
covers the difference between the actual cash value and
the net balance of the loan in the event the auto is totaled.
Vehicle Service Contracts
We offer the most comprehensive extended warranty
excellent source of fee income for the financial institution
and protects the financial institution's collateral. Our
online quoting system makes it easy for the lender to
quickly quote prices at the branch.
This product can be offered to auto loan customers who
do not make a large down payment on their vehicle. GAP
covers the difference between the actual cash value and
the net balance of the loan in the event the auto is totaled.
Vehicle Service Contracts
We offer the most comprehensive extended warranty
excellent source of fee income for the financial institution
and protects the financial institution's collateral. Our
online quoting system makes it easy for the lender to
quickly quote prices at the branch.
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